U.S. Housing Market: New Home Sales Decline Has a Silver Lining

Another comforting sign for the U.S. housing market come today (Friday) as new home sales data for January exceeded forecasts, another bullish sign for home improvement-related stocks like The Home Depot Inc. (NYSE: HD). New home sales in January fell 0.9% to a 321,000 annual rate. That pace is down slightly from the 324,000 pace set in December, but sales beat the expected rise of 315,000, according to a poll by Bloomberg News. December sales were previously reported at 307,000 but

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